Top Analyst Upgrades and Downgrades: AIG, Aqua America, CenterPoint, Ferrari, GameStop, Medtronic, Roku, Salesforce, Uber and More

Investing

Published: June 5, 2019 9:00 am

Last Updated: January 30, 2020 7:59 pm

Stocks were indicated to open higher again after Tuesday’s major rally. The markets still likely will be reacting daily to the ups and downs of the trade war and other macro news, and investors should be considering how they want their portfolios positioned for the rest of 2019 and beyond.

24/7 Wall St. reviews dozens of analyst research reports each day of the week in an effort to find new trading and investing ideas for our readers. Some of these daily analyst reports cover stocks to buy, but other reports cover stocks to sell or to avoid.

Additional commentary and trading data have been added on some of the daily analyst reports. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.

These are the top analyst upgrades, downgrades and initiations seen on Wednesday, June 5, 2019.

Alliant Energy Corp. (NYSE: LNT) saw a Buy rating maintained and its target price raised by $1 to $52 at Argus.

American International Group Inc. (NYSE: AIG) was downgraded to Hold from Buy at Deutsche Bank. Shares closed up 2.1% at $53.83, and it has a 52-week range of $36.16 to $56.36. The stock has a consensus target price of $54.38.

Aqua America Inc.’s (NYSE: WTR) target price was raised by $2 to $43 at Argus, with the independent research firm citing relative valuation. Shares closed down 0.6% at $39.82, and it has a 52-week range of $32.09 to $40.08. The stock has a consensus target price of $40.94.

Avangrid Inc. (NYSE: AGR) was started with a Sector Weight rating at KeyBanc Capital Markets.

CenterPoint Energy Inc. (NYSE: CNP) was started as Equal Weight at Morgan Stanley.

Churchill Downs Inc. (NASDAQ: CHDN) was raised to Outperform from Market Perform and the target was raised to $120 from $108 at Telsey Advisory. Shares closed up 3.7% at $102.78, and it has a 52-week range of $74.58 to $102.98. The stock has a consensus target price of $109.00.

CommScope Holding Co. Inc. (NASDAQ: COMM) was raised to Overweight from Equal Weight with a $22 price target at Morgan Stanley. Shares closed up 0.9% at $16.32, and it has a 52-week range of $15.09 to $32.48. The stock has a consensus target price of $27.04.

Cronos Group Inc. (NASDAQ: CRON) was raised to Buy from Underperform with a $27 price target at Merrill Lynch.

Eversource Energy (NYSE: ES) was started as Overweight and assigned an $80 target price at KeyBanc Capital Markets.

Eldorado Resorts Inc. (NASDAQ: ERI) was started with a Buy rating and assigned a $62 target price at Stifel.

e.l.f. Beauty Inc. (NYSE: ELF) was raised to Equal Weight from Underweight and the price target was raised to $10.50 from $6.00 at Morgan Stanley. Shares closed up 4.3% at $10.99, and it has a 52-week range of $6.70 to $20.19. The stock has a consensus target price of $11.41.

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Fiserv Inc. (NASDAQ: FISV) was raised to Buy from Hold and the target price was raised to $100 from $91 at SunTrust Robinson Humphrey. Shares closed up 4.2% at $86.16, and it has a 52-week range of $68.45 to $91.19. The stock has a consensus target price of $97.67.

GameStop Inc. (NYSE: GME) was last seen down almost 30% at $5.50 after earnings, a share price lower than has been seen in 15 years or so. Wedbush Securities maintained its Outperform rating on the stock, noting that the turnaround has begun in earnest, but the firm lowered its price target to $9 from $12 in the call. Credit Suisse reiterated its Underperform rating and lowered its target to $6.50 from $7.00, citing a new game plan but the same underlying obstacles. Shares closed up 4.7% at $7.82, and it has a 52-week range of $7.32 to $17.27. The stock has a consensus target price of $10.09.

Integer Holdings Corp. (NYSE: ITGR) was reiterated as Buy at Argus, with the firm noting that recent weakness offers an attractive entry point. After closing up 2.3% at $72.39 on Tuesday, the stock is down from a high of $92.62, and the consensus target price was $100.25.

Medtronic PLC (NYSE: MDT) was raised to Outperform from Market Perform and the target price was raised to $110 from $100 at Wells Fargo. Shares closed up 1.2% at $94.41, and it has a 52-week range of $81.66 to $100.15. The stock has a consensus target price of $103.28.

Neurocrine Biosciences Inc. (NASDAQ: NBIX) was started with a Neutral rating at Guggenheim. Shares closed up 2.5% at $84.21, and it has a 52-week range of $64.72 to $126.98. The stock has a consensus target price of $107.14.

NXP Semiconductors N.V. (NASDAQ: NXPI) was raised to Hold from Sell and the target price was raised to $95 from $85 at Stifel.

Pivotal Software Inc. (NYSE: PVTL) was downgraded to Neutral from Outperform and the price target was slashed to $15 from $26 at Wedbush. The report called it out as having a train wreck of a quarter and guidance at the deferred revenue/billings performance that missed street expectations by a significant 12%.

Public Service Enterprise Group Inc. (NYSE: PEG), or PSE&G, was started with a Sector Weight rating at KeyBanc Capital Markets.

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Roku Inc. (NASDAQ: ROKU) was raised to Buy from Neutral and the price target was raised to $119 from $75 at Guggenheim. Shares closed up 4.3% at $93.60, and it has a 52-week range of $26.30 to $95.95. The stock has a consensus target price of $76.63.

Salesforce.com Inc. (NYSE: CRM) was reiterated as Outperform with a $175 target price at Credit Suisse. Wedbush reiterated its Outperform rating and $192 target price. Shares closed up 3.9% at $150.81, and it has a 52-week range of $113.60 to $167.56. The stock has a consensus target price of $182.18.

Tilray Inc. (NASDAQ: TLRY) was started with a Perform rating at Oppenheimer.

Uber Technologies Inc. (NYSE: UBER) saw most of its analyst ratings hit yesterday, but Raymond James also started it as Outperform with a $50 target price. Shares closed up 3.6% at $42.75, and it has a 52-week range of $36.08 to $45.00. The stock has a consensus target price of $57.67.

WEX Inc. (NYSE: WEX) was raised to Buy from Neutral and the target price was raised to $225 from $193 (versus a $191.04 close) at Goldman Sachs.

Tuesday’s top analyst calls included Alibaba, Alphabet, Apple, Baidu, Box, Kohl’s, Lyft, Netflix, Twitter, Uber Technologies, U.S. Steel and many more.

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